How to qualify: While it varies, lenders typically look for a credit score above 650, steady income and a manageable debt-to-income ratio (around 40% to 50%). Some lenders may approve lower scores in ...

When you enroll in a credit counseling program, you work with a certified credit counselor who helps you create a budget, understand your debt and explore repayment options.

On a recent episode of Consumers’ Checkbook’s Consumerpedia podcast, we spoke to two people who used nonprofit credit counseling programs to get out of debt. Here are their stories: ...

How will credit counseling affect your ability to get credit in the future? There is no way to know for sure because creditors report to the credit bureaus differently.

Financial advisors said most credit card companies will work with you to bring down your interest rate. Some even have financial hardship programs.

Many credit card debt relief programs are just after your money. Here's how to spot the companies trying to scam you.

Don't Fall for Credit Card 'Forgiveness' Scams. Watch Out for These 10 Red Flags Many credit card debt relief programs are just after your money. Here's how to spot the companies trying to scam you.

Money Management International (MMI), a leading non-profit credit counseling agency, has witnessed a dramatic surge in demand for its services. The organization reports a 35% increase in the need ...

These debt relief companies could help you slash your debt, but there are a few things to know before signing up.

These strategies can help the 42% of people worried about credit card payments tackle their debt and reduce stress.